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California’s DBO targets pay day loan providers, insurance firms a little the assistance of the search-engines

Why it things

The Ca Department of company Oversight (DBO) announced an initiative that is new on the marketing of payday loan providers during the intersection of Hollywood and Silicon Valley. Predicated on DBO Commissioner Jan Lynn Owen, unlicensed online payday lenders are “one of the very most exceptionally customer that is significant threats” within their state, leading her workplace to function alongside major the search engines such as for instance Bing, Microsoft, and Yahoo to limit the lenders’ web marketing.

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